Lei Xiaoxue and Wang Jinxiu completed the acquisition of 15.5% stake in Beijing JIAYU Door, Window and Curtain Wall Joint-Stock Co., Ltd. from Li Lan.
May 20, 2020
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Lei Xiaoxue and Wang Jinxiu signed an agreement to acquire 15.5% stake in Beijing JIAYU Door, Window and Curtain Wall Joint-Stock Co., Ltd. (SZSE:300117) from Li Lan for approximately CNY 390 million on November 29, 2019. As of February 7, 2020, the consideration was approximately CNY 320 million. Lei Xiaoxue and Wang Jinxiu will acquire 55.6 million shares respectively at an offer per share of CNY 3.5. As of February 7, 2020, the offer price was changed to CNY 2.916 per share. Li Lan will sell 111.2 million shares. The share transfer still requires all parties to perform their corresponding obligations in strict accordance with the agreement. The compliance confirmation should be performed by the Shenzhen Stock Exchange and the limited liability should be registered in the China Securities Depository and Clearing Corporation. As of May 19, 2020, Lei Xiaoxue completed the acquisition of Beijing JIAYU Door, Window and Curtain Wall Joint-Stock Co., Ltd.
Lei Xiaoxue and Wang Jinxiu completed the acquisition of 15.5% stake in Beijing JIAYU Door, Window and Curtain Wall Joint-Stock Co., Ltd. (SZSE:300117) from Li Lan on May 21, 2020.
Jiayu Holding Co Ltd, formerly Beijing Jiayu Door, Window and Curtain Wall Joint-stock Co Ltd, is a China-based company principally engaged in system door, window and curtain wall and new energy business. The Company's door, window and curtain wall business mainly includes the production, construction and retail of energy-saving door, window and curtain wall products. The new energy business includes solar photovoltaic module business, solar thermal business and photovoltaic and wind power business. The Company's products include system doors, windows and curtain wall products, solar photovoltaic products, solar thermal products, intelligent equipment and others. The Company mainly operates its businesses in the domestic market.